The price of Bitcoin struggles to surpass the $100,000 mark, facing repeated rejections that trigger sharp setbacks. Despite these challenges, BTC has shown resilience, staying above critical support levels.
Long-term holders are losing confidence, yet new investors see the bear market as an opportunity to accumulate at lower prices.
The Fear and Greed Index indicates bearish sentiment, reflecting growing uncertainty among BTC holders. This prolonged fear might limit BTC's short-term momentum.
Bitcoin's adoption rate has improved, with new investors capitalizing on lower prices, suggesting potential for future gains.
If the trend continues, it could boost Bitcoin's price movement.
Currently, Bitcoin's price holds at $97,293, maintaining support above $95,869, suggesting potential for short-term recovery to $100,000.
However, persistent bearish sentiment and lack of demand may keep BTC in consolidation, preventing a breakout.
A momentum shift is crucial to move BTC above the $100,000 barrier, signaling renewed investor interest and higher price targets.
Fonte: it.beincrypto.com ↗